Sentences with phrase «share of preferred stock»

Like shares of common stock, shares of preferred stock represent an ownership stake in a company — in other words, a claim on its assets and earnings.

In January 2014, the Company's Chief Executive Officer contributed 8,976,000 shares of preferred stock back to the Company for no consideration.

Our ability to issue the authorized but unissued shares of preferred stock could be used to impede takeovers of our company.

Also read: Money 20/20 Recap: Ethereum, Consumer Protection, Investment Overstock Moving Forward With t0 Starting on December 15th, individuals who purchased Overstock shares by the November 7th record date will qualify to purchase shares of its preferred stock, including preferred shares to be issued and traded

As of June 30, 2015, there were no shares of our Class A common stock and 291,005,896 shares of our Class B common stock outstanding, held by 611 stockholders of record, and no shares of our preferred stock outstanding, assuming the automatic conversion and reclassification of all outstanding shares of our convertible preferred stock into shares of our Class B common stock effective immediately prior to the completion of this offering.

These provide the owner with the right to exchange a share of preferred stock for a share (or shares) of common stock in the same company based on a predetermined conversion or exchange ratio, which won't change.

For instance, one share of preferred stock may be worth ten shares of common stock.